Circling back to close the loop on this thread. Even though I haven't updated for over a month, I have been working on the engine. The heads had one intake and one exhaust valve that were leaking. The machine shop replaced all guides, 9 seats, and ground and seated all valves. I got the heads back a few weeks ago and have been slowly getting the engine back together. Because I had a lifter that wasn't rotating, I installed a new cam and lifters. The timing chain was very sloppy, so I installed a new chain and set of gears. I also installed a new oil pump, water pump, thermostat, belts, and radiator hoses. The old single exhaust was rusty and had holes, so I installed a new dual exhaust. I got everything buttoned up yesterday. Despite the nerves, I decided to start up the engine. I primed the fuel bowl with fuel and hit the ignition. The ol' 350 lit up immediately! I quickly set the timing, check the oil pressure, looked for leaks, then ran the engine at 2K for a half an hour, monitoring oil pressure and temp. Once the thermostat opened, I topped off the coolant and burped the hoses. After 30 mins, I shut down the engine and changed the oil filter and oil. Whew...pretty stressful for a first timer! But I couldn't have been happier to hear that engine run!
I took the truck out for a run today, and no smoke, no backfires, and no missing! The issues I was having I'm sure were due to the leaking valves. The sloppy timing chain likely wasn't helping either. Here is a pic of the engine with the new top end. I painted new parts and cleaned and painted old parts as I worked through the engine. Thanks again everyone for the input!
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